AccuIndex Review

About AccuIndex

A Revolution in the Making Accuindex is a young force in the Forex and CFD markets, committed to delivering a powerful, accessible and fair trading Experience. Led by a team of professionals with years of experience in the field, AccuIndex always put innovation, speed and agility at the core of their business.

According to our research, they grow and cement themselves as a online broker on the rise, also they are look forward to further providing clients with the right tools and services to assist their trading needs, leading the charge towards the future of trading.

Company Overview

Accuindex Limited is an Investment Firm incorporated under number 167867 in the Republic of Mauritius. Authorized and regulated by the Financial Service Commission ( FSC ) in Mauritius (License No GB19024778 ). Registered address at The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.

The website www.accuindex.com is operated by Accuindex Limited.

Accuindex EU Limited is a Cypriot Investment Firm (CIF) under number HE 360650. Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 340/17. Accuindex EU Limited is governed by the Markets of Financial Instruments Directive (MiFID) of the European Union. Registered address at 1 Ayias Zonis Street Nicolaou Pentadromos Centre Block B, Limassol 3026, Cyprus.

The website www.accuindex.eu is operated by Accuindex EU Limited.

Fees, Commissons and Spreads

Commissions

Commissions are only charged on the Pro Account for Forex, at USD 60 per USD 1 million. This is a competitive commission structure.

Spreads

Spreads from AccuIndex are not the lowest in the industry, starting at 1.6 pips for major currency pairs like EUR/GBP.

Fees

AccuIndex does not charge any additional trading fees, such as inactivity fees on dormant accounts, or account maintenance fees. As with other brokers, AccuIndex does charge swap fees, or overnight fees, on positions held open overnight.

While AccuIndex does not charge deposit fees, withdrawal fees are charged on bank wire transfers at USD25 per withdrawal, which is quite high. All other withdrawal methods are free.

Leverage

They offers a high maximum leverage ratio of 1:400. It is important to note that traders residing in the EU will only be able to access a maximum leverage of 1:50, as per the MiFID regulations under CySEC.

Account Type

Executive Account

Pro Account

VIP Account

Is AccuIndex safe or scam?

Turns out, not quite so. Sure, the broker says it has a CySEC license, but as we have found out, available trading features don’t really add up to the whole equation. Our review shows that the maximum leverage goes way beyond what the CySEC sets as the maximum cap. Moreover, we also saw three different promotional bonuses offered to clients, which also violates the no-bonus guidelines imposed by the CySEC.

So, it’s more realistic to think that AccuIndex isn’t actually regulated by the Cyprus Securities and Exchange Commission; or at least the regulation concerns only the most insignificant aspects of trading, which still translates into the lack of regulation.

All in all, we can pretty easily assume that we’re dealing with an unregulated broker and that the AccuIndex scam can be a real possibility here.

Trading Platform

AccuIndex provides trading on the highly popular MetaTrader 5, which is available for both desktops and as a mobile app.

The mobile version of MT5 also provides real-time access to the global markets, while allowing you to manage your trades and positions while on the move.

Final Thought

Overall, AccuIndex is a well-regulated Forex broker that offers some compelling trading conditions that will appeal to many standards and intermediate retail traders.

Beginner traders are also well catered for with the dedicated training academy from AccuIndex, and all traders will enjoy the competitive spreads coupled with commission-free trading which is available on some accounts.

FAQs

Where is the company located at?

• The company is located in Cyprus, Mauritius and UAE

What leverage Accuindex provides?

• The company provided a leverage up to 1:400

Does Accuindex has restrictions on any of trading strategies?

• Accuindex allow all types of trading as long as it is comply and not contradicts with the client agreement’s terms and conditions.

What are the available funding and withdrawing methods?

• We provide several methods for our clients which are (Wire Transfers via banks, Skrill, Neteller, Master Card & Visa Card)